From Earlier: D.A. Davidson Raises Willbros PT to $5.50

D.A. Davidson raised its Willbros

price target from $4.25 to $5.50 in a research report published today. D.A. Davidson has a Neutral rating on the company. In the report, D.A. Davidson stated, "With substantial market growth opportunities, Willbros is well positioned to benefit from a more favorable market environment, however, based on the history of the pipeline industry volatility and project risk as well as recent losses and the share appreciation, we are reluctant to assume a sustained long-term growth in earnings." Shares of Willbros closed today at $4.98, down 2.73% from Monday's market close.